AMSTERDAM (Reuters) – Belgian chemicals group Solvay announced plans on Tuesday to cut the discharge of waste into the sea from a soda ash production plant in Italy, ending a dispute with activist Bluebell Capital Partners. Solvay said it would invest around 15 million euros ($14.96 million) to significantly reduce the release of limestone residue …
Solvay ends dispute with activist Bluebell over Italy sea waste Read More »
By Jan Schwartz and Emma-Victoria Farr HAMBURG/FRANKFURT (Reuters) -Volkswagen on Monday announced its intention to float sportscar brand Porsche, triggering what could become one of the world’s largest listings even as markets jitter over record inflation and a Russia-Europe energy standoff. The carmaker published a so-called intention to float for an initial public offering in …
Volkswagen triggers landmark Porsche IPO plan, defying market doubts Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever An expected interest rate hike in Australia is the main macro and market event in Asia on Tuesday, but any investor not paying full heed to the energy and economic crisis unfolding in Europe by now is, frankly, guilty of gross …
PARIS (Reuters) – The appointment of Societe Generale’s boss Frederic Oudea as non-executive chairman of Sanofi will be proposed at the next shareholders meeting of the French drugs group, Sanofi said on Monday. Sanofi made the announcement in a statement appointing Oudea as “Censeur” (non-voting member) of the board with immediate effect. “The appointment of …
Frederic Oudea to become Sanofi’s non-executive chairman Read More »
LONDON (Reuters) – Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a guide to economic health, fell to an …
Euro zone business activity contracted again in August -PMI Read More »
LONDON (Reuters) – Aston Martin is raising 575.8 million pounds ($660 million) in a rights issue as major investors including Saudi Arabia’s sovereign wealth fund keep faith with the struggling luxury British carmaker. The 109 year-old company said on Monday it would issue four new shares at 103 pence apiece for every existing share. At …
Aston Martin raising $660 million in rights issue Read More »
A look at the day ahead in European and global markets from Tom Westbrook As far as first days go, Monday is shaping as a doozy for Britain’s new Prime Minster. That’s widely expected to be Liz Truss, who’d begin as leader with gas prices poised to fly after Russia cancelled the weekend’s resumption of …
By Kanishka Singh and Akriti Sharma (Reuters) -Bed Bath & Beyond Inc’s chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers. Gustavo Arnal, 52, joined Bed …
Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower Read More »
JERUSALEM – Israel will ban Boeing 747 and similar aircraft with four engines as of March 31, 2023 to reduce noise and air pollution, its airports authority said on Sunday. As part of a broader plan under development to improve the surrounding environment, the authority said that it had already told airlines they would not …
Israel to ban Boeing 747s, other 4-engine planes amid environmental concerns Read More »
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS (Reuters) -The European Union is preparing an emergency plan to separate power prices from the soaring cost of gas – as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy. Energy ministers from EU countries will meet on Sept. 9 to discuss how to …
